Should You Rehab a Home?
There are several things to take into account when you’re considering buying a fixer-upper house. This sort of project can be the best choice for some families, and a major mistake for others. Here are some things to think over if you’re considering renovating a home to decide if it’s the right choice for you.
One of the first things to think about is the home you’re buying. When buying a house that needs to be fixed up, it’s important to know that you could get stuck with it. If you have an emergency that eats up all of your funds, you won’t be able to finish the house, and you’ll have a hard time selling it again. Though, if the house needs work done, it’s probably listed under market price. This means that you could look in some nicer areas than you normally would when looking for homes. If the home is listed at market price it probably isn’t the best choice. Why would you want to buy a home that needs numerous renovations for the same price as homes that are already livable? It’s a good way to go over your budget fast.
On that note, your budget is also something to be careful about. Before you get a house that needs renovations, be sure to have a professional come in and asses what needs to be done. You could be getting a home that looks like it just needs a few new appliances and a coat of paint, but you’ll end up having to re-wire the entire house to use any electricity. If you have too many surprise expenses, your budget will be blown before you know it. Though, not all renovations are a bad idea. If you re-do the bathroom or kitchen in your new home it can add value to the house and build equity.
It’s also a good idea to think about the stage your family is currently in before making any decisions. Remodeling a home is extremely time consuming, and if you’re not all on the same page there will be some issues. When you buy a fixer-upper, you’re committing to living in a construction zone until everything is complete. There will be tools, nails, and other risky things laying about that could be harmful to younger children. If you don’t have children though, or you have older kids who could help out, it can be a great way to bond as a family.
Another benefit is that you have a clean slate to work with. You get to decide which appliances you want to put in, how everything is going to look, and how it all works out. Rehabbing a house is a good way to create your dream home. You also have complete quality control. If you’re not doing the renovation yourself, you get to choose who to hire to get the job done. Some sellers will hire people to quickly fix things themselves, and then try to make up for that expense when they sell. If you’re handling all of the fixing, you won’t have to worry about that.
No matter what you do there will be some good things and some bad things, but a lot of the time the good outweighs the bad. Hopefully considering some of these benefits and drawbacks will help you decide if you want to buy a fixer-upper home!
Top 5 Haunted Places in Montana!
- Montana Territorial Prison, DeerLodge: The prison in DeerLodge has been the site of many unfortunate incidents including overcrowding, insufficient conditions, cruel punishments, several murders, and a massive prison riot in 1959. The prison is now open to the public as a museum and many visitors and employees have reported seeing figures in the cells, witnessed cell doors slamming, and claim to have been scratched or shoved by a ghost in the solitary confinement area.
- 2223 Montana Ave: On Dec. 8, 1945 a plane carrying home several soldiers crashed in what is now Veterans ark. Due to the amount of casualties a local grocery store, located at 2223 Montana Ave, aided the funeral parlors by allowing them to use their warehouse refrigerator for some of the men. Despite the building changing businesses many times, people still report seeing a man in a soldier’s uniform appear and disappear in the building.
- Chico Hot springs: Chico has been the site of numerous ghost sightings over the years, despite its welcoming atmosphere. Guests repeatedly report a woman in white that likes to wander the halls, parlor, and visit room 349. An antique rocking chair that is kept in the hotel is always found facing a window, no matter what position it’s in when the staff places it. There is also an old family bible that sits on a bench in the attic. It’s always found open and uncovered by dust.
- Virginia City: Virginia City as a whole is supposedly an extremely haunted area. Many visitors and residents claim to have seen apparitions wandering around the graveyard and streets. One of the most haunted buildings in the town is the Bonanza Inn, which has several ghosts, the most notorious being a nun that appears in room 1.
- St. Charles Hall, Carroll College, Helena: In 1964, in a 4th floor bathroom, a student was brushing his teeth when he slipped and fell, hitting his head on the sink. The student was rushed to the hospital where they discovered brain hemorrhaging, he died a few weeks later from pneumonia. After the incident several students reported looking into the mirrors while brushing their teeth to see him standing behind them with a head wound, and having blood flow out of the faucets instead of water. The staff received so many reports that they closed the bathroom permanently, though there are still reports of scraping noises coming from behind the locked door.
- Boulder Hot springs, Boulder: Boulder Hot Springs is also an area notorious for ghost sightings. One of the most commonly reported sightings is a woman named Simone who is believed to be a prostitute that was murdered by a mining executive in the lodge.
- Moss Mansion, Billings: Moss Mansion, while an interesting historical site, is also supposedly haunted by its former inhabitants. Preston Moss, his wife, and two of their daughters died in the home from various natural causes and illnesses. People have seen Preston Moss walking throughout the building, and have heard the voices of girls and a woman in various parts of the building, despite being alone.
- Bear Canyon Campground, Bozeman: Bear Canyon, while beautiful, has a ghost story that’s a little unsettling. Numerous hikers and campers have reported seeing a young girl in a white dress while they explore the canyon. That in itself isn’t too scary, but the ghost is said to try and lure women off of the trails and into the woods, causing them to get lost.
Home of the Week!
Here at Dream Realty we always have a ton of kickass homes listed so that you can find the one best suited to you! Check out this week’s featured home and give us a call if you’re interested!
There’s no reason not to check it out, give us a call at 406-690-4388.
What’s Happening With the Team?
Is it really work when we have this much fun?
We’re living the dream, and so can you! We’re currently looking for some kickass people to be part of our sales and administrative team. Join us and LOVE what you do! You will find a wonderful working environment with an incredible culture that prides itself on adding value and making a difference every day. We are a tightly knit team that will stop at nothing to find a better way by continuously seeking to be the BEST in everything that we do.
We offer unparalleled support and coaching and we want you to succeed as much as you do!
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DREAM REALTY is the home of the Ashley Delp Team!
DREAM REALTY is excited about the upcoming buying season and our agents are out and in full swing… Please feel free to stop by our office at 2526 Grand Ave. Suite 3 and visit with us about all the exciting news we have to share, the kick-ass events we are hosting every month, and all about your short and longterm goals!
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Quote of the Month
“Owning a home is a keystone of wealth… both financial affluence and emotional security”.